Global Logistic Properties to Buy 200 U.S. Warehouses for $4.6 billion
GLP’s acquisition from Industrial Income Trust makes it the second-largest property owner and operator in the U.S., with 173 million square feet of space under its control.
Singapore-based logistics fund manager GLP announced today it has agreed to acquire a $1.1 billion US logistics real estate portfolio from Dallas-based Hillwood Development Company.
GLP J-REIT’s strong debut on the Tokyo Stock Exchange underscored how REITs are becoming a bright spot on Japan’s stock market, bolstered by a recovery in commercial rental and property prices and improving supply & demand conditions.
GLP Goes on Acquisition Spree in China and Japan with Distinct Strategies
By Goola WardenSince its IPO last year, Global Logistic Properties (GLP) has been on an acquisition drive in China and Japan, and that appears to have accelerated this year.